Business Statistics: A First Course (8th Edition)
8th Edition
ISBN: 9780135177785
Author: David M. Levine, Kathryn A. Szabat, David F. Stephan
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Question
Chapter 2, Problem 2.75AC
(a)
To determine
To create: An exploded pie chart, a cone chart, or a pyramid chart that shows how people paid for purchases and other transaction.
(b)
To determine
To explain: the preference chart from those charts to get information.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
The table below shows a recent graduate's
credit card balance each month after
graduation.
Month
1
2
3
Debt ($)
620.00
761.88
899.80
a) Look at the graph on your calculator. Based
on this graph, what type of equation should
represent this situation? Explain your answer.
b) Use your calculator to find the equation that
you feel best fits this data. What is the
equation?
c) Based on this equation, what is the
predicted amount of debt for month 9 after
graduation?
The figure below shows a plot of Healthcare Expenditure per capita in 2019 and Life Expectancy according to data sourced from the World Bank with regions around the world being colour-coded (e.g. Australia, which is in Oceania, has health expenditure per capita of $5,427 and life expectancy of 83.2 years). In no more than 200 words, describe the patterns that you see in this figure.
The table below shows a recent graduate's credit card balance each month after graduation.
Month
1
2
3
4
5
6
7
8
Debt ($)
620.00
761.88
899.80
1039.93
1270.63
1589.04
1851.31
2154.92
a) Look at the graph on your calculator. Based on this graph, what type of equation should represent this situation? Explain your answer.
b) Use your calculator to find the equation that you feel best fits this data. What is the equation?
c) Based on this equation, what is the predicted amount of debt for month 9 after graduation?
View keyboard shortcuts
EditViewInsertFormatToolsTable
12pt
Paragraph
Chapter 2 Solutions
Business Statistics: A First Course (8th Edition)
Ch. 2 - Prob. 2.1LBCh. 2 - The following data represent the responses to two...Ch. 2 - Prob. 2.3ACCh. 2 - Prob. 2.5ACCh. 2 - Prob. 2.6ACCh. 2 - Prob. 2.7ACCh. 2 - Prob. 2.8ACCh. 2 - Prob. 2.10ACCh. 2 - Prob. 2.11LBCh. 2 - Prob. 2.12LB
Ch. 2 - Prob. 2.14LBCh. 2 - The file UTILITY contains the following data about...Ch. 2 - One operation of a mill to cut pieces of steel...Ch. 2 - Prob. 2.21ACCh. 2 - Prob. 2.23ACCh. 2 - Prob. 2.25ACCh. 2 - Prob. 2.26ACCh. 2 - The following table indicates the percentage of...Ch. 2 - Prob. 2.29ACCh. 2 - Prob. 2.30ACCh. 2 - Prob. 2.31ACCh. 2 - Prob. 2.32ACCh. 2 - Prob. 2.33LBCh. 2 - Prob. 2.34LBCh. 2 - Prob. 2.35ACCh. 2 - The file UTILITY contains the following data about...Ch. 2 - Prob. 2.39ACCh. 2 - Prob. 2.43ACCh. 2 - The data stored in DRINK represents the amount of...Ch. 2 - Prob. 2.48LBCh. 2 - Prob. 2.49LBCh. 2 - Prob. 2.50ACCh. 2 - Data were collected on the typical cost of dining...Ch. 2 - Prob. 2.53ACCh. 2 - Prob. 2.54ACCh. 2 - Prob. 2.55ACCh. 2 - Prob. 2.56ACCh. 2 - Using the sample of retirement funds stored in...Ch. 2 - Prob. 2.59ACCh. 2 - Using the sample of retirement funds stored in...Ch. 2 - Using the sample of retirement funds stored in...Ch. 2 - Prob. 2.62ACCh. 2 - Prob. 2.70ACCh. 2 - Prob. 2.71ACCh. 2 - Prob. 2.72ACCh. 2 - Prob. 2.73ACCh. 2 - Prob. 2.75ACCh. 2 - Prob. 2.76ACCh. 2 - Prob. 2.77CYUCh. 2 - Prob. 2.78CYUCh. 2 - What are the advantages and disadvantages of using...Ch. 2 - Compare and contrast the bar chart for categorical...Ch. 2 - Prob. 2.81CYUCh. 2 - Prob. 2.82CYUCh. 2 - What are the three different ways to break down...Ch. 2 - How can a multidimensional table differ from a...Ch. 2 - Prob. 2.85CYUCh. 2 - Prob. 2.89CRPCh. 2 - The owner of a restaurant that serves...Ch. 2 - Suppose that the owner of the restaurant in...Ch. 2 - Prob. 2.94CRPCh. 2 - One of the major measures of the quality of...Ch. 2 - Prob. 2.103CRPCh. 2 - Prob. 2.104CRPCh. 2 - Prob. 2.105CRPCh. 2 - Prob. 2.109RWE
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- A retail store accepts cash, check, credit card, and debit cards for purchases. The store owner wants to produce a visualization showing the proportion of purchases made by these payment methods in the last year. What would be the most appropriate graph to visualize this? Stem and Leaf Plot Histogram Pie chart Scatter Plotarrow_forwardSolve question (b) pleasearrow_forwardfigure:2 iii. The following pie chart shows the destination of the exported Omani crude oil in March 2019. Study the following graph and answer the following question (Total exported quantities of Oman crude oil = 25704226 barrels) a. How many barrels of Omani crude oil exported to Japan? b. If the crude oil barrel price in March 2019 was $66. What is the value of Chinese purchases of crude oil from Oman in that month? Crude Oil Destination March 2019 Republic of the Union of Myanmar 7.76% People's Republic of China Jаpan 5.44% 81.37% LRepublic of India 3.88% United Republic of Tanzania 1.56%arrow_forward
- TABLE 1.5 The amount of money expended in fiscal year 2009 by the U.S. Department of Defense in various categories is shown in Table 1.5.5 Construct both a pie chart and a bar chart to describe the data. Compare the two forms of presentation. Expenses by Category Category Amount ($ billions) Military personnel 147.3 Operation and maintenance 259.3 Procurement 129.2 Research and development 79.0 Military construction 17.6 Other 4.3 Total 636.7 Source: The World Almanac and Book of Facts 2011arrow_forwardSolve question (a) pleasearrow_forwardBased on the line graph shown, how did Google's stock price perform between March 2015 and August 2015? Alphabet/Google (GOOG) closing stock prices 800 750 700 650 600 550 500 450 Date (A The stock price increased. (B) There is not enough information to make a determination. The stock price decreased. D) There was no change. Stock price (USD) 2-Mar-2015 1-Apr-2015 1-May-2015 1-Jun-2015 1-Jul-2015 3-Aug-2015 1-Sep-2015 1-Oct-2015 2-Nov-2015 1-Dec-2015 4-Jan-2016 1-Feb-2016 1-Mar-2016arrow_forward
- The bar graph shows median yearly earnings of full-time workers in the United States for people 25 years and over with a college education, by final degree earned. (See the attached graph.) The median yearly salary of an American whose final degree is a master’s is $70 thousand less than twice that of an American whose final degree is a bachelor’s. Combined, two people with each of these educational attainments earn $173 thousand. Find the median yearly salary of Americans with each of these final degrees.arrow_forwarddraw a line graph following this information. The line graph depicts the historical and projected sales volume of Pepsi Co Jamaica's Diet Pepsi for the next fiscal year, with the horizontal axis representing the four quarters of the year, and the vertical axis representing the sales volume in million cases. The historical sales data is represented by a line that shows a sales volume of 1 million cases for the past fiscal year. The projected sales volume is represented by another line that shows an expected increase in sales volume to 1.5 million cases for the next fiscal year. The sales targets for each quarter are represented by markers or points on the graph, with the first quarter expected to reach 0.4 million cases, the second quarter at 0.5 million cases, the third quarter at 0.3 million cases, and the fourth quarter at 0.3 million cases.arrow_forwardA researcher is interested in graphing the relationship between amount of debt (mild, moderate, severe) and number of employees. Which is the most appropriate graphical display that would be used to graph this relationship? A. mosaic plot B. histogram C. scatterplot D. side-by-side boxplots E. Pareto chartarrow_forward
- Use the graph below, which shows the average number of weekly viewers of a 30- minute television program (in millions of viewers) from 2000 to 2006. milions of viewers 30 25- ខ 15- 10- 5 2000 2001 2002 2003 2004 2005 2006 year Select one: a. (2001, 2004, 2006} b. (2002, 2003, 2005} c. {1001, 2002, 2005} d. {2004}arrow_forwardThe following table shows the length, in centimeters, of the humerus and the total wingspan, in centimeters, of several pterosaurs, which are extinct flying reptiles.arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
Algebra: Structure And Method, Book 1AlgebraISBN:9780395977224Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. ColePublisher:McDougal Littell
Big Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Algebra: Structure And Method, Book 1
Algebra
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:McDougal Littell
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
What is a Linear Equation in One Variable?; Author: Don't Memorise;https://www.youtube.com/watch?v=lDOYdBgtnjY;License: Standard YouTube License, CC-BY
Linear Equation | Solving Linear Equations | What is Linear Equation in one variable ?; Author: Najam Academy;https://www.youtube.com/watch?v=tHm3X_Ta_iE;License: Standard YouTube License, CC-BY